https://www.taxtmi.com/article/detailed?id=12600 The High Court found that investments funded from NRE accounts are exempt from inclusion in total income under Section 10(4), and that notices issued under Section 148/Section 148A were not appropriate where documentary evidence (NRE account statements and certificate of residence) demonstrated the foreign-sourced, repatriable character of the funds; the ruling underscores the evidentiary value of bank records and residence proof in assessing jurisdiction to reopen assessments. en-us Sat, 11 May 2024 09:45:27 +0530 Sat, 11 May 2024 09:45:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=12600 The High Court found that investments funded from NRE accounts are exempt from inclusion in total income under Section 10(4), and that notices issued under Section 148/Section 148A were not appropriate where documentary evidence (NRE account statements and certificate of residence) demonstrated the foreign-sourced, repatriable character of the funds; the ruling underscores the evidentiary value of bank records and residence proof in assessing jurisdiction to reopen assessments. Articles Income Tax Sat, 11 May 2024 09:45:27 +0530 https://www.taxtmi.com/article/detailed?id=12600